Answer Happy

QUESTION 1 Assume the Tampa Bay Rays are profit motivated and ticket sales are the primary source of revenue. Suppose the Tampa Bay Rays baseball team charges $10 bleacher seats (poor seats in the outfield) and sells 250,000 of them over the course of the season. The next season, the Rays increase the price to $12 and sell 200,000 tickets. The price increase in a good idea. O True O Fate QUESTION 2 Suppose the Tampa Bay Rays baseball team charges $10 bleacher seats (poor seats in the outfield) and sells 250,000 of them over the course of the season. The next , the Rays increase the price to 512 and sell 200,000 tickets. Using the midpoint formula, calculate the price elasticity of demand for bleacher seats at Rays p? Answer should be rounded out 2 decimal places. It should be in the format of 0.00.

QUESTION 4 The New York Jets football team raises ticket prices from $65 to $85 per seat and experience a 5 percent decline in tickets sold. Using the midpoint formais calculate the elasticity of demand for tickets? Round to the 3rd decimal place. Answer should be in the format 0.000. QUESTIONS Suppose the equilibrium price to a University of Tennessee basketball game is $20. What would the resulting price be if a price ceiling of $30 were enforced? OASO OB$30 OC$20 QUESTION 6 A team that wins a championship one season will typically raise their ticket prices the following season because OA championship teams generally experience an increase in supply of tickets the season following a championship win. OB championship teams generally experience an increase in demand for tickets the season following a championship win. OC championship teams generally experience a decrease in supply of available tickets the season following a championship win.